Did DCG & Genesis defraud investors?

New York Attorney General Letitia James' initial filing in October alleged that DCG and Genesis defrauded more than 230,000 investors of more than $1 billion. The attorney general's continued investigation found that an additional $2 billion in assets were lost, according to the expanded civil complaint.

What happened to Genesis & DCG?

Genesis, a subsidiary of DCG, recently reached a settlement with the Attorney General’s office, agreeing to cease operations in New York. However, this settlement is subject to bankruptcy court approval, highlighting the financial troubles faced by the digital asset lending firm.

Was DCG affiliate Genesis a fraud & deceit?

The Attorney General's office paints a grim picture, stating that "the fraud and deceit were so expansive" that many individuals were directly conned by DCG's affiliate Genesis. This broader perspective significantly increases the number of alleged victims and the claimed financial losses.